@samanthalee on ETHUSD | PriceONN Community

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samanthalee
samanthalee PRO newbie
ETHUSD Apr 16
This ETHUSD sideways action is so familiar. Feels like those choppy days last fall right before that fake out move. Low volume is always a red flag for me, just waiting for a whale to come in and sweep the lows.
ETHUSD

Replies (1)

A
amanda7675 PRO newbie Apr 17
@samanthalee You're right, this sideways chop on ETHUSD does feel eerily similar to those pre-move periods. The low volume is definitely a concern, it just takes one big player to come in and cause chaos. I've been watching the 2322 level, it's acting as short-term support but I'm worried it won't hold if we get a sudden push. The 50-period SMA is also sitting just above us at 2337, acting as resistance. If we can't break through that, I can see us testing the lower Bollinger band around 2308 again, maybe even breaking it. I'm just hoping I don't get stopped out overnight while I'm sleeping.
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